Market Alert! – Short May Cotton has reached target objective. [chart], John Crane

TMV Swing Trade report – Short May Cotton from 85.39 – Hit the target! The short position has reached the initial target objective at 82.10. Cotton could find support at the downward sloping median line and form a new bearish signal pattern. The longer-term cycle remains bearish, so I will use a two or three [...]

Market Alert! – Short June Gold reaches target objective! [chart]

TMV Swing Trade Report – June Gold – Short from $1454.50 – Current price $1394.00 – Gold has reached the latest sloping reaction line target objective. I expect to see a bounce off the line. It is time to close the current short position for a hefty gain. I will continue to monitor the market [...]

Market Alert! – Reaction date signaling possible bullish reversal in Live Cattle. [chart]

June Live Cattle have traded lower into the reaction date, projected for May 9th. The market is also inside the 60% buy zone, adding to the probability of a major reversal. Thursday’s session opened steady, before trading below the prior day’s low (one of the criteria for a reversal) and tested the downward sloping median [...]

Market Alert – New buy signal triggered in May Wheat, new target determined. Action reaction, swing trading

TMV Swing Trade report – Long May Wheat from $7.31 1/2 – last price @ $7.37 1/2 – Wheat futures dipped into the March 26th reversal date, where it found support at the upward sloping red line. The market reacted to the reversal date and the longer-term reaction swing (3/20 to 3/23) and traded above [...]

Market Alert – May Corn poised for new price advance! – median line, action, reaction

TMV Swing Trade report – Long May Corn from $7.18 – Exit price at $7.21 1/2 – The long corn position was closed when the market dipped to a low of $7.21 1/2, just touching the profit stop level, before turning higher and resuming the upward trend. The market is poised to push above the [...]

Market Alert – April Natural gas reaches target objective on projected reaction date! action reaction, median line, John Crane

April Natural gas reached the longer-term target objective (3.986) determined by the intersection of the upward sloping median line and downward sloping red line. The market reached the objective on the March 21st reaction date that was projected after bullish swing pattern was confirmed on February 25th when the market gapped higher and closed above [...]

Market Alert – Reversal date low could spark recovery in Live Cattle.

TMV Swing Trade Report – Live Cattle dipped below Friday’s low (127.12) and posted a new low of 127.02 on the projected reaction date. As soon as the market traded at the new low, a surge of buying entered the market and triggered a reversal date Cattle turned higher. The price action suggests Monday’s reaction [...]

Market Alert – Reaction date triggers reversal in March Eurocurrency! – action reaction, John Crane

March Eurocurrency – The euro traded to a new low of 1.2965 during Wednesday’s session, taking out the prior low of 1.2967 from March 1st. The new low occurred one day before the March 7th reaction date and followed a three-day reaction swing. A bearish reaction swing would normally indicate a continuation of the trend. [...]